This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. The U.S. Department of the Treasury and the Internal Revenue Service issued guidance Friday that will temporarily allow more workers to cash in on the “no tax on tips” and “no tax on overtime” provisions of President Donald Trump’s One Big Beautiful Bill. Under the 2025 budget reconciliation bill, workers generally can deduct up to $25,000 in tips and $12,500 in overtime fro ...

Core Insights - The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Cultural Week is a significant event at the 24th China Shanghai International Arts Festival, showcasing the region's cultural excellence in Shanghai [1] Group 1: Event Overview - The GBA Cultural Week opened on Saturday, highlighting the cultural showcases from the Greater Bay Area [1] Group 2: Industry Impact - The festival serves as a platform for the performing-arts sector, providing a strong impetus for growth and visibility on a global stage [2] - The director of Xinghai Concert Hall emphasized the unified spirit of Cantonese opera, dance, and orchestra projects, positioning the GBA Cultural Week as a unique opportunity for international exposure [2]

Overview - The Big Idea with Elizabeth Gore features an interview with Seaview Productions CEO Greg Nobile about monetizing passions in the performing arts industry [1] - The podcast explores how entrepreneurs can find success in industries they love, focusing on the business side of theatre [1] Key Discussion Points - Nobile discusses his career as a theatre producer, explaining why he chose the business side of the industry [1] - The episode breaks down what it means to be a producer in the theatre world [1] Resources and Platforms - The Big Idea with Elizabeth Gore is available on Apple Podcasts and Spotify [1] - Yahoo Finance provides stock ticker data, news, portfolio management resources, market data, and tools for managing finances [1] - Yahoo Finance can be accessed through its website and mobile apps on Apple and Android [1] Social Media - Yahoo Finance is active on X (Twitter), Instagram, TikTok, Facebook, and LinkedIn [1]

Group 1 - Alibaba Pictures is rebranding itself as part of a strategy to diversify beyond film, changing its name to Damai Entertainment and the parent company to Humpback Whale Entertainment [1] - The company aims to focus on "entertainment and AI" as its two strategic keywords, emphasizing real-life experiences that differ from digital and virtual entertainment [1] - The film market is currently weak, with a significant decline in box office revenue during the May Day holiday, which saw a 51.1% year-on-year drop to 747 million yuan [1] Group 2 - In the latest fiscal year, Alibaba Pictures merged its film-related segments into a single division, which reported revenues of 2.712 billion yuan, down 10% year-on-year, and a dramatic 91% decline in segment performance [2] - In contrast, Damai's revenue reached 2.057 billion yuan, a 236% increase year-on-year, driven by a booming live performance market [2] - Alibaba Pictures recorded an investment impairment of 428 million yuan, primarily related to its stake in Bona Film Group [3] Group 3 - The capital market reacted positively to the rebranding, with Alibaba Pictures' stock price rising by 22.95% to 0.75 HKD per share on May 21 [3] - This response reflects the market's sentiment towards the film industry and its current challenges [4]